• Sudan tops the list with government debt at 252% of GDP, with prolonged internal conflicts and economic instability leading to high levels of borrowing.
• Japan has been a long-time leader in sovereign debt due to persistent fiscal deficits and low economic growth, with its debt-to-GDP ratio sitting at 235%.
• The U.S. ranks 8th, with gross public debt at 123% of GDP, largely due to large-scale quantitative easing measures and continued deficit spending.
• Other countries with high debt levels include Singapore (175%), Greece (142%), and Italy (137%).
• The average debt-to-GDP ratio of advanced economies is 110%, and that of emerging markets and developing economies is 74%.
• Germany has the lowest debt obligations of all G7 nations at 65% of its GDP. Context